Marriott International, Inc. reported its financial results for the first quarter of 2026, revealing a total revenue of $6.654 billion, a 6.2% increase from $6.263 billion in the same period last year. The company’s net income for the quarter was $648 million, slightly down from $665 million in the first quarter of 2025. Earnings per share (EPS) increased to $2.44, compared to $2.40 in the prior year. The growth in revenue was primarily driven by a 17% increase in franchise fees, which reached $872 million, and a 4% rise in owned, leased, and other revenue, totaling $412 million.

In terms of operational performance, Marriott's worldwide Revenue per Available Room (RevPAR) increased by 4.2%, supported by a 3.1% rise in Average Daily Rate (ADR) and a 0.7 percentage point improvement in occupancy. The U.S. & Canada segment saw a RevPAR increase of 4.0%, while international regions experienced a 4.6% rise. The company added approximately 15,900 net rooms during the quarter, bringing the total to 9,926 properties with 1,795,808 rooms, reflecting a 5% increase in properties year-over-year.

Marriott's strategic focus on expanding its portfolio continues, with over 4,100 properties and nearly 618,000 rooms in its development pipeline. The company anticipates a net rooms growth of approximately 4.5% to 5.0% for the full year 2026. Additionally, the company has been active in share repurchases, buying back 2.1 million shares for $700 million in the first quarter, and declared a quarterly cash dividend of $0.67 per share.

The filing also noted an increase in total liabilities, which rose to $24.8 billion from $24.2 billion at the end of 2025, primarily due to higher long-term debt. The company’s long-term debt stood at $15.32 billion, up from $14.995 billion. The effective tax rate for the quarter increased to 24.5%, compared to 13.0% in the previous year, largely due to the prior year’s release of tax reserves.

Looking ahead, Marriott remains cautious about the potential impact of geopolitical events, particularly the ongoing conflict in the Middle East, which has begun to affect demand in certain regions. The company continues to monitor market conditions and expects to maintain its growth trajectory while managing operational challenges.

About MARRIOTT INTERNATIONAL INC /MD/

Marriott International is a global hospitality company operating, franchising, and licensing over 9,300 hotels across more than 30 brands. Its core activities include managing lodging properties, offering loyalty programs, and providing brand systems. Serving diverse markets worldwide, Marriott emphasizes guest experience, brand reputation, and franchise partnerships, leveraging a broad portfolio of luxury, premium, and midscale accommodations to generate recurring revenue through management fees, royalties, and licensing.

This description was generated via AI from an annual report. Updated 8 months ago.

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